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Using game theory for hotel revenue management in the United States of America: Sustainability for average daily rate, revenue per available room, and occupancy in hotels - Tapa blanda

Tran, Xuan

 
9789999319218: Using game theory for hotel revenue management in the United States of America: Sustainability for average daily rate, revenue per available room, and occupancy in hotels
Tapa blanda
ISBN 10: 9999319211 ISBN 13: 9789999319218
Editorial: Eliva Press, 2024

Sinopsis

Trigonometry isn't running away from sustainability. We can survive in revenue management at the cutting edge of derivatives, but trigonometry permeates our understanding of the cyclical nature of economics in the hospitality industry, illustrating the dynamics of hotel pricing, substitution, and income effects. Here, the average daily rate functions as the tangent, revenue per available room as the cosine, and occupancy as the sine, all within the framework of the hotel elasticity angle. Price discrimination within hotel revenue management has found resolution through the Nash equilibrium, creating mutually beneficial outcomes, particularly in the hotels across three regions of the United States, with notable impact in the Southeast.

"Sinopsis" puede pertenecer a otra edición de este libro.

Editorial
Eliva Press
Año de publicación
2024
Idioma
Inglés
ISBN 10 
9999319211
ISBN 13 
9789999319218
Encuadernación
Tapa blanda
Número de páginas
106
Contacto del fabricante
no disponible
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